1557 High Street, Glen Iris, VIC 3146 | Property Value & History | OnTheHouse
 
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1557 High Street
Glen Iris VIC 3146

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 151m2
Land area: 1190m2
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Property Details for 1557 High St, Glen Iris

Building Type
Commercial
Floor Size
151m2
Land Size
1190m2
Local Government
Stonnington
Lot/Plan
1/LP222599

Last Listing description (January 2021)

+ Landlord favoured net lease to the highly established Magic Hand Car Wash Head Office (26 years in operation with 21 stores nationally)

+ Providing net annual income of $140,310* through a 10 year lease


+ The strong trading store was established in 2009 and includes substantial property improvements, notably a streamlined hand carwash assembly line with rear exit and a well-appointed caf & diner providing customer convenience & additional tenant income

+ Positioned on a highly convenient dual access 1,100sqm* landholding with excellent customer accessibility via High Street

+ Strategically located 50 metres* from the exit ramp of the Monash Freeway, an unmissable location for commuters traveling home from the CBD and a major advantage for the tenant

For sale via public auction on Thursday 17th December from 10:30AM (AEDT), to be held at CreativeCubes.Co Hawthorn located at 10 Oxley Road, Hawthorn

For more information please contact any of the sale and marketing agents below:

Scott Hawthorne
+61 400 861 048

Jing Jun Heng
+61 411 059 116

David Minty
+61 422 564 199

Scott Orchard
+61 425 760 712

*Approx

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Property History for 1557 High St, Glen Iris, VIC 3146

A timeline of how this property has performed in the market
Last Sold
$1,320,000
15 Dec 2008
  • 13 Nov 2020
    Listed for Sale Contact Agent
  • 30 Jan 2019
    Listed for Sale Not Disclosed
  • 15 Dec 2008
    Sold for $1,320,000
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About Glen Iris 3146

The size of Glen Iris is approximately 8.0 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2016 was 25268 people. By 2021 the population was 26131 showing a population growth of 3.4% in the area during that time. The predominant age group in Glen Iris is 50-59 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation.In 2021, 70.00% of the homes in Glen Iris were owner-occupied compared with 68.00% in 2016.

Glen Iris has 13,480 properties. Over the last 5 years, Houses in Glen Iris have seen a 4.37% increase in median value, while Units have seen a 6.61% increase. As at 31 March 2026:

  • The median value for Houses in Glen Iris is $2,395,404 while the median value for Units is $766,441.
  • Houses have a median rent of $1,050 while Units have a median rent of $580.
There are currently 26 properties listed for sale, and 10 properties listed for rent in Glen iris on OnTheHouse. According to Cotality's data, 613 properties were sold in the past 12 months in Glen iris.

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